2560 Lamar Avenue

Local assessors in Memphis, TN have categorized 2560 Lamar Avenue as a commercial type of property. The home was built in 1947 and is 77 years old. It was most recently renovated and altered in 1975. The property's lot size has been calculated to be 18,544 square feet. The linear feet between the front and back of the lot was measured at 1,350 ft and the front of the lot was measured at 810 ft. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 2560 Lamar Avenue has a total of 1,708 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. 2560 Lamar Avenue is a 2 code building. This code stands for "buildings that have fireproofed reinforced concrete frames carrying all wall, floor and roof loads which are all non-combustible.". Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. Lots of concrete block were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home's a heating system is the primary heating source. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 2560 Lamar Avenue sold most recently in Jan 6, 2011 for a total of $213,666. If you work out the math, that's approximately a cost of $125.10 per sqft. Before that, the property was also sold for $120,834 in May 12, 2010. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $3,743 in taxes each year. The initial year of tax delinquency occurred in 2020. 2560 Lamar Avenue was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $61,440. If we break it down further, the land itself was valued at $21,320. Improvements to the property, however, were assessed at a total of $40,120. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.